Servicing

This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.

Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.

The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.

A further reduction in single-family premiums is "definitely something to look at," said Frank Cassidy, who slashed some for multifamily while at HUD.

LegalShield's April foreclosure index rose 46.4% year over year to 52.4 in the South, while the West's index remains nearly 30% below prepandemic levels.

Regulators will award a total of $3 million to over 1,800 households after a judge penalized Home Matters USA over its mortgage relief fraud scheme.

The number identifying it as such is significant, but not universal, as servicers also face product-specific challenges and determine whether and how to use AI.

Better and Coinbase plan to make the product available to qualified borrowers nationwide by this summer. Interested customers can currently apply to a waitlist.

The company will pay $4.6 million in the settlement, which resolves allegations that it violated foreclosure protection rules in place during the pandemic.

Two Harbors opens a negotiating window for UWM this week for a revised offer, but the bid has to be all cash, the REIT will not entertain a stock alternative.